Key points:
- Analysts said that major cryptocurrencies, like Bitcoin and Ether, are set for significant near-term price fluctuations.
- Investors could gain by exploiting increased short-term price volatility, while also considering seasonal trends that suggest a bullish fourth quarter, analysts added.
QCP Capital volatility signal predicts large price moves for bitcoin and ether, prompting investors to consider options trading. The U.S. election is also driving market volatility.
QCP Capital Volatility Signal Suggests Big Price Moves
According to analysts at QCP Capital, the Volatility Momentum Indicator (VMI) for both bitcoin and ether has been activated, signalling a period of increased market volatility.
This signal does not predict the price direction but indicates the possibility of more significant price movements soon. Investors are advised to shift their strategy to buying options to benefit from these large movements in bitcoin and ether potentially.
Read more: QCP Capital Warns: Crypto Faces Threats from Stock Market Volatility!
U.S. Election Adds to Market Uncertainty
In addition to QCP Capital’s volatility signal, analysts are eyeing the upcoming U.S. presidential election as a driver of market volatility.
Increased volatility is expected over the next three months, with options traders cautious in the short term but optimistic about Bitcoin’s mid-term performance. K33 Research analysts believe September could be a buying opportunity ahead of a potential recovery in October.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: Coincu